Trading Analysis based purely on Price Action as taught by Nial Fuller at www.learntotradethemarket.com. All I post here are setups which i see fit to trade win or lose.
Monday, 25 January 2010
FTSE and Dax
5th wave down seems to have finished. 2 counts here, either wave 2 up has begun or this is 4 of 1. If its 4 of 1 38.2 on FTSE gives 5324-5329 and Dax 5692.
Error in the comment above, the figure quoted for the ftse is 50% retrace not 38.2
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